an idea for EURJPY, but I've been pretty accurate lately. look for signs and trade responsibly.
this is what I'm looking to see in the following weeks.
this pair is looking very bearish, looks like a good sell opportunity. just an idea.
I am looking for confirmation that price action will follow the bearish trend on higher timeframes.
Continuation from previous analysis. Probably will not see much action till next week.
I will continue LONG on this pair till price reaches resistance noted on my analysis. I see a major retracement coming which will be good opportunity to sell. educational purposes only.
I am looking to see price reverse and move downward. I will be looking for a break in variation on H4, or any type of confirmation on DAILY. IF price moves in my direction and creates bearish variations, I can see this pairs moving down long-term.
Following weekly bullish variations and trading off of support.
Price has been rising for several weeks, and it is still moving. I can see price moving up from this point or retest one last time as shown on the chart then continue to the upside. looking at a possible 50-100 pips. :)
We have seen a double top on weekly and price is showing signs that it will drop. it is also WEEKLY trend. details on chart.
I am predicting the price of gold to drop this coming week. we may see price retest to the upside first and then a drop in price leading to month end.
Price has been rejected from weekly resistance twice. I predict that price will drop after it has pulled back to daily key level.
Price has retraced to key support level (DAILY) and broke bearish variation (H4). we can see price going up from here in this idea.
I predict we can see price drop to Daily support level. if so at that point we will look for a confirmation to open a LONG position in the buy zone. I will update if trade becomes active or if idea is unsuccessful.
We now have a bullish engulfing candlestick on the MONTHLY chart. this is a good signal that we will see a Daily reversal to follow prices current trend, at this point I am looking to open a long position at a support level. This is a good risk vs: reward opportunity. Cheers